Q1 2017 Earnings Estimate for Camtek Ltd. (CAMT) Issued By B. Riley

Camtek Ltd. (NASDAQ:CAMT) – Research analysts at B. Riley reduced their Q1 2017 earnings per share (EPS) estimates for shares of Camtek in a report released on Wednesday. B. Riley analyst C. Ellis now forecasts that the brokerage will post earnings per share of $0.05 for the quarter, down from their prior estimate of $0.07. B. Riley currently has a “Buy” rating and a $4.50 target price on the stock. B. Riley also issued estimates for Camtek’s Q2 2017 earnings at $0.06 EPS, Q4 2017 earnings at $0.09 EPS and FY2017 earnings at $0.28 EPS.

Separately, Zacks Investment Research raised Camtek from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Friday.

Earnings History and Estimates for Camtek (NASDAQ:CAMT)

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Camtek (NASDAQ:CAMT) opened at 3.75 on Monday. The company has a market cap of $132.56 million, a price-to-earnings ratio of 28.85 and a beta of 0.92. The firm has a 50-day moving average of $3.42 and a 200-day moving average of $2.98. Camtek has a 52 week low of $1.70 and a 52 week high of $3.99.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. Camtek had a net margin of 4.32% and a return on equity of 8.20%. The company earned $29.80 million during the quarter, compared to the consensus estimate of $29.05 million.

“Q1 2017 Earnings Estimate for Camtek Ltd. (CAMT) Issued By B. Riley” was first published by sleekmoney and is the property of of sleekmoney. If you are reading this piece on another site, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this piece can be viewed at http://sleekmoney.com/q1-2017-earnings-estimate-for-camtek-ltd-camt-issued-by-b-riley/1659675.html.

A hedge fund recently raised its stake in Camtek stock. Algert Global LLC boosted its position in Camtek Ltd. (NASDAQ:CAMT) by 24.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,365 shares of the company’s stock after buying an additional 21,895 shares during the period. Algert Global LLC owned about 0.32% of Camtek worth $338,000 as of its most recent filing with the SEC. 14.54% of the stock is owned by institutional investors.

About Camtek

Camtek Ltd. provides automated and technological solutions for production processes and products yield, enabling and supporting customers’ technologies in the semiconductor fabrication and printed circuit board (PCB) industries. The Company designs, develops, manufactures and markets products mainly based on two core technologies: automated optical inspection (AOI) and functional ink technology (FIT).

5 Day Chart for NASDAQ:CAMT

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/q1-2017-earnings-estimate-for-camtek-ltd-camt-issued-by-b-riley/1659675.html

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